April 18

Building a Team to Scale Your Multifamily Investing Business


Building a Team to Scale Your Multifamily Investing Business – Tips for Success

In this episode, Beau talked with Duc Ong about how Duc started out buying small properties. He quickly learned he needed to build a team, as everybody brings different strengths and perspectives to the team. He is the CFO and CIO of Tri-City Equity.

Duc is a very good underwriter and raises capital for every project. Day to day, he works as a real estate agent in Hawaii with an average price point of $1 million.

About Duc Ong

A resident of Honolulu for more than 17 years, Duc has lived and worked in many areas on Oahu. His business is based on mostly referrals from satisfied clients. Most important to Duc is providing exceptional service to buyers and sellers in order to earn their trust, referrals, and repeat business. Duc has sold homes in all price ranges from starter homes and luxury condominiums, multi-family properties, and investment properties, totaling over $30M in career sales. Clients appreciate his flexibility, low pressure sales, patience, ability to listen and hear what a client wants, negotiation and analytical skills, and his ability to accurately price and market a home.

As a graduate of the University of Hawaii at Manoa with a M.S. in Physics, he brings a unique analytical skill set to the real estate business. He moved from Southern California to Honolulu in 2004, after graduating from UC San Diego with a B.S. in Physics. He is also fluent in Vietnamese.

As a real estate investor, Duc is a partner in 1044 units across 8 states. He is a limited partner in a 310 unit community in El Paso, TX, and a 192-unit in Longview, TX. As an active investor, he owns a single-family rental property in Anaheim, CA, 15 units in one JV in Pittsburgh, PA, and 525 units as a GP with Tri-city Equity Group in Saginaw, MI, El Paso, TX, Salem/Roanoke, VA, Johnson City, TN, and Berlin, MD. He owns a personal residence condominium in Honolulu and is under contract on a new construction condo unit in Kaka’ako. His broad experience as a real estate investor in both Oahu and mainland properties allows him to provide his clients with the best experience in both buying and selling properties. He specializes in working with investors.


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